Trump’s ‘Forever’ Tariffs Are Kicking in for the Long Haul – and US Consumers Are Footing the Bill
Warren says consumers absorbed about 95% of tariff costs and wants companies to disclose price increases and share refunds with shoppers.
- Sen. Elizabeth Warren, D-Mass., is urging seven major companies to pass tariff refunds to consumers, months after the Supreme Court struck down President Donald Trump's tariffs.
- The Court's Feb. decision ruled that Trump exceeded his authority under the International Emergency Economic Powers Act, creating the potential for billions in refunds.
- Warren cited expected refunds of up to $10.2 billion for Walmart, $2.2 billion each for Apple and Target, $600 million for Amazon, and about $50 million for Energizer, while noting consumers absorbed about 95% of tariff costs.
- Amazon noted it would issue refunds only in a "limited set of circumstances," while Walmart's finance chief said any refund would go to earnings; all companies must respond by Aug. 21.
- Consumers have no legal mechanism to claim these funds, as refunds go only to importers that paid duties, though a Federal Reserve Bank in New York report found consumers "bear the bulk of the economic burden.
55 Articles
55 Articles
The Conversation
Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill
The effects of the Trump administration’s 2025 tariffs are still being passed on to consumers, while new levies will add to the overall tariff rate.
Appalachian News-Express
Warren presses seven companies to refund tariff money to consumers
(The Center Square) – U.S. Sen. Elizabeth Warren, D-Mass., is urging seven major companies to pass tariff refunds on to consumers, months after the Supreme Court struck down President Donald Trump's tariffs.
Trump’s ‘forever’ tariffs are kicking in for the long haul – and US consumers are footing the bill
by Kent Jones, Babson College, [This article first appeared in The Conversation, republished with permission] President Donald Trump’s tariff announcements no longer cause the market gyrations that they did in 2025. But their sticker shock for American consumers is becoming increasingly clear – just as economic sentiment is souring ahead of the November 2026 midterm elections. Many business groups had hoped that the tariff wars would end in Febr…
Here's how much average American could receive under Elizabeth Warren's tariff plan
President Donald Trump’s Liberation Day – as well as subsequent – tariffs were controversial from the get-go and, as it turned out in a February Supreme Court Ruling, they also turned out to have been unconstitutional. The subsequent program to refund the approximately $166 billion collected, however, also proved contentious, and Senator Elizabeth Warren has been pushing to, as her view might suggest, level the playing field. Specifically, on Au…
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